Industrial output rises 3.5% in Feb

The Index of Industrial Production for February 2005, (Base 2000=100), reached 103.4 units. For February 2005 the Index recorded an increase of 3.5% compared to February 2004. For the period January-February 2005

Cement prices to be hiked by 9.5%

Cyprus Cement, the island’s second largest cement producer plans to hike cement prices by 8.5 to 9.5% or CYP 3 per metric tonne to cover rising production costs. George Galatariotis, Chairman of

Bid speculation boosts CHR higher

Bid speculation that Carrefour of France may submit a bid seeking participation in the share capital of Chris Cash & Carry (CHR), helped boost the share price higher, which on Friday closed

CDB appoints 2 new board members

The Cyprus Development Bank (CDB) announced that the Council of Ministers has appointed new board members to replace the two who resigned in March. The new members are Nicos Hadjinicolaou, a senior

Inflation rises to 3.1% in April

Consumer price inflation picked up in April to reach 3.1% compared with the same month of 2004, compared with a rate of 2.9% in March. On a month-on-month basis, the consumer price

Cyprus pound CYP 0.5797/euro Thursday

The mid-rate between the spot exchange rates at the close of the fixing session of the Cyprus Foreign Exchange Market on Thursday was 0.5797 Cyprus pounds per euro. This was 0.96% stronger